Thomson Reuters Co. (NYSE:TRI) Raises Dividend to $0.60 Per Share

Thomson Reuters Co. (NYSE:TRI) (TSE:TRI) declared a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Thursday, February 20th will be paid a dividend of 0.595 per share by the business services provider on Monday, March 10th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from Thomson Reuters’s previous quarterly dividend of $0.54.

Thomson Reuters Stock Performance

NYSE:TRI traded down $0.49 during trading hours on Friday, reaching $176.41. The company had a trading volume of 238,511 shares, compared to its average volume of 349,731. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. Thomson Reuters has a 52 week low of $149.14 and a 52 week high of $178.35. The firm has a market cap of $79.39 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 5.31 and a beta of 0.73. The firm’s 50 day moving average price is $163.98 and its 200-day moving average price is $165.41.

Thomson Reuters (NYSE:TRI) (TSE:TRI) last released its earnings results on Thursday, February 6th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. Thomson Reuters had a net margin of 32.12% and a return on equity of 14.85%. On average, analysts forecast that Thomson Reuters will post 3.69 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Thomson Reuters from $168.00 to $188.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com upgraded shares of Thomson Reuters from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Canaccord Genuity Group increased their price target on shares of Thomson Reuters from $164.00 to $175.00 and gave the stock a “hold” rating in a report on Friday. Royal Bank of Canada increased their price objective on shares of Thomson Reuters from $171.00 to $173.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price objective on shares of Thomson Reuters from $165.00 to $177.00 and gave the company an “equal weight” rating in a report on Friday. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $182.09.

About Thomson Reuters

Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.